Kenmare chairman to retire

Justin Loasby, chairman of Irish mining company Kenmare Resources, is to retire with immediate effect because of ill health, the board announced yesterday. Steven McTiernan, a non-executive director of Kenmare, will take up the role of non-executive chairman to replace Loasby. McTiernan has over 40 years’ diverse natural resources industry and investment banking experience, including with BP, CIBC and Tullow Oil.